Alliancebernstein L.P. Trims Holdings in Carter's, Inc. (NYSE:CRI)

Alliancebernstein L.P. trimmed its holdings in Carter's, Inc. (NYSE:CRI - Free Report) by 29.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,692 shares of the textile maker's stock after selling 14,259 shares during the period. Alliancebernstein L.P. owned 0.09% of Carter's worth $1,826,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Venturi Wealth Management LLC grew its stake in shares of Carter's by 36.9% in the fourth quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker's stock worth $54,000 after purchasing an additional 268 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Carter's by 114.4% during the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock valued at $27,000 after acquiring an additional 270 shares in the last quarter. M&T Bank Corp increased its holdings in shares of Carter's by 7.2% during the fourth quarter. M&T Bank Corp now owns 4,073 shares of the textile maker's stock valued at $221,000 after acquiring an additional 272 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Carter's by 2.3% during the third quarter. Public Employees Retirement System of Ohio now owns 17,652 shares of the textile maker's stock valued at $1,147,000 after acquiring an additional 396 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Carter's by 2,112.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker's stock valued at $29,000 after acquiring an additional 507 shares in the last quarter.

Carter's Price Performance

CRI traded up $1.16 on Wednesday, reaching $38.07. The company had a trading volume of 137,531 shares, compared to its average volume of 1,208,369. The business has a 50 day simple moving average of $41.27 and a 200 day simple moving average of $50.53. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 6.04, a P/E/G ratio of 3.37 and a beta of 1.09. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. Carter's, Inc. has a 52-week low of $32.12 and a 52-week high of $74.40.

Carter's (NYSE:CRI - Get Free Report) last announced its earnings results on Tuesday, February 25th. The textile maker reported $2.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.87 by $0.52. The business had revenue of $859.70 million for the quarter, compared to the consensus estimate of $835.82 million. Carter's had a net margin of 8.11% and a return on equity of 27.15%. Carter's's quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the firm posted $2.76 earnings per share. As a group, sell-side analysts anticipate that Carter's, Inc. will post 5.15 EPS for the current year.

Carter's Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were issued a dividend of $0.80 per share. The ex-dividend date was Monday, March 10th. This represents a $3.20 dividend on an annualized basis and a yield of 8.41%. Carter's's dividend payout ratio is currently 62.62%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CRI. Wells Fargo & Company reduced their target price on shares of Carter's from $65.00 to $48.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 26th. UBS Group reduced their price target on shares of Carter's from $57.00 to $49.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Finally, Citigroup reduced their price target on shares of Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th.

Carter's Profile

Carter's, Inc engages in the business of brand marketing of young children's apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.